Category archives for: Africa & World

Citibank to pay R69 million in banks collusion saga

Citibank

By BUSINESS REPORTER JOHANNESBURG, (CAJ News) – CITIBANK N.A will pay a fine of over R69,5 million ( USD 5,3 million ) following a settlement agreement with the Competition Commission over the bank’s involvement in a forex trading cartel. The Commission found that from at least 2007, Citibank N. and its competitors had a general […]

Huge growth in money transfers to Tanzania

Ismail Ahmed

From ALLOYCE KIMBUNGA in Arusha, Tanzania ARUSHA, (CAJ News) – DIGITAL money transfer service, WorldRemit, is consolidating its rapid expansion into Tanzania. It is supporting the growing demand for instant remittances to the country from over 4 million expatriates living abroad. The company achieved a new record of 10 000 unique transactions completed in the […]

Over 100 Nigerians reported dead after SA xenophobia

xenophobia march

From EMEKA OKONKWO in Abuja, Nigeria ABUJA, (CAJ News) – SOME 116 Nigerians have been killed during xenophobic attacks in South Africa over the past two years, a figure that a government official has denounced as “unacceptable” to the government of the West African country. Abike Dabiri-Erewa, Senior Special Assistant to President Muhammadu Buhari on […]

Scammers revel at growth of digital banking

Yolande Steyn, Head of Innovation at FNB

By GIFT NDOLWANE JOHANNESBURG – CONSUMERS have been urged to be more vigilant and familiarize themselves with the different types of online banking fraud, in the wake of a surge of cybercriminals. The culprits are making the most of the access to banking services through digital channels continuing to grow. Yolande Steyn, Head of Innovation at […]

Funding secured to accelerate MTN growth in Iran

MTN-bar-chart

By TINTSWALO BALOYI JOHANNESBURG, (CAJ News) – IRAN’S leading internet company has announced the closing of a funding round led by MTN Irancell, an entity of the South African-based mobile network operator. The Iran Internet Group (IIG), with several million unique and paid transactions every month, whose ventures include the by far market-leading car hailing […]

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